Nov 22 (LNGJ) - OMV AG of Austria, the energy and utility company, plans to cooperate on LNG with Gazprom after the Russian natural gas giant increased deliveries of pipeline gas to the Austrians for a fifth straight year. For the period from January 1 to November 21, 2019, Gazprom delivered 12.7 billion cubic metres to Austria, which was 2.8 percent more than in all of 2018 when deliveries came to 12.3Bcm.
OMV is one of the five European corporate investors in the Nord Steam II project, the second Baltic pipeline from Russian to Germany and then onwards to other European Union nations carrying 55 Bcm of pipeline gas per annum. The latest Austrian gas delivery details emerged at a meeting in St Petersburg between Alexey Miller, Chairman of Gazprom, and OMV Chief Executive Rainer Seele.
“Special attention was paid to the implementation of the Nord Stream II project,” said a Gazprom statement on the talks. “Furthermore, potential cooperation in the LNG segment under the Memorandum of Understanding first signed in June 2019, was also discussed at the meeting,” it added. OMV along with France’s Engie, Royal Dutch Shell and Germany’s Uniper and Wintershall signed an agreement with Gazprom to provide financing for 50 percent of the total 9.5 billion euros ($10.5Bln) cost of Nord Steam II.
